The O'Melhior do Mondo chain purchased an existing hotel (all-in: land, building, and equipment) for a lump-sum of $45.75 million an financed this through a loan acquired via a bank. The fair value of each of the components of the purchase is given below:

Land	$2,000,000
Building	$37,000,000
Equipment	$1,000,000
Fair value	$40,000,000

Based on this information, the resort will activate the land in the balance sheet for:

a.	None of these

b.	$2,500,000

c.	$2,000,000

d.	$2,287,500